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https://doi.org/10.1080/1331677X.2015.1022401

Relationships among labour productivity, real wages and inflation in Turkey

Zekeriya Yildirim

Puni tekst: engleski, pdf (537 KB) str. 85-103 preuzimanja: 1.207* citiraj
APA 6th Edition
Yildirim, Z. (2015). Relationships among labour productivity, real wages and inflation in Turkey. Economic research - Ekonomska istraživanja, 28 (1), 85-103. https://doi.org/10.1080/1331677X.2015.1022401
MLA 8th Edition
Yildirim, Zekeriya. "Relationships among labour productivity, real wages and inflation in Turkey." Economic research - Ekonomska istraživanja, vol. 28, br. 1, 2015, str. 85-103. https://doi.org/10.1080/1331677X.2015.1022401. Citirano 22.01.2020.
Chicago 17th Edition
Yildirim, Zekeriya. "Relationships among labour productivity, real wages and inflation in Turkey." Economic research - Ekonomska istraživanja 28, br. 1 (2015): 85-103. https://doi.org/10.1080/1331677X.2015.1022401
Harvard
Yildirim, Z. (2015). 'Relationships among labour productivity, real wages and inflation in Turkey', Economic research - Ekonomska istraživanja, 28(1), str. 85-103. https://doi.org/10.1080/1331677X.2015.1022401
Vancouver
Yildirim Z. Relationships among labour productivity, real wages and inflation in Turkey. Economic research - Ekonomska istraživanja [Internet]. 2015 [pristupljeno 22.01.2020.];28(1):85-103. https://doi.org/10.1080/1331677X.2015.1022401
IEEE
Z. Yildirim, "Relationships among labour productivity, real wages and inflation in Turkey", Economic research - Ekonomska istraživanja, vol.28, br. 1, str. 85-103, 2015. [Online]. https://doi.org/10.1080/1331677X.2015.1022401

Sažetak
The main purpose of this paper is to examine the interrelationships among productivity, real wages and inflation in the Turkish manufacturing industry for the period of 1988:1 to 2012:2. To that end, this paper employs both cointegration analysis and a Granger
causality test. This paper finds that inflation has a greater effect on labour productivity than do real wages. Furthermore, the Granger causality test shows that there is a strong feedback between labour productivity and inflation, suggesting policy makers targeting inflation should follow labour productivity. This test suggests that there is no causal link running from productivity to real wages in the Turkish manufacturing industry. This absence of a link is largely due to lower bargaining power and structural problems, including high unemployment, a huge tax burden on wages and the large share of the informal sector.

Ključne riječi
labour productivity; real wages; inflation; cointegration; Granger causality

Hrčak ID: 171488

URI
https://hrcak.srce.hr/171488

Posjeta: 1.277 *